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$649Studio Apartments Available Now
Glenstone Studios
2215 E 56th StIndianapolis, IN 46220
Cheap Apartments for Rent in the Devon Neighborhood of Indianapolis, IN from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Devon area of Indianapolis.
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$7481 Bedroom Apartments Available Now
3725 N Sherman Dr
3725 N Sherman DrIndianapolis, IN 46218
3534 E Fall Creek Pkwy N Dr
IndianapolisIN46205
3528 E Fall Creek Pkwy N Dr
IndianapolisIN46205
3112 N Tacoma Ave
IndianapolisIN46218
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Rent Specials
$909 - $1,1291 to 2 Bedroom Apartments Available Now
The Prairies Apartment Homes
4555 N ArlingtonIndianapolis, IN 46226
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$929 - $1,764Studio to 3 Bedroom Apartments Available Now
Brockton
5778 Brockton DrIndianapolis, IN 46220
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$970 - $1,3951 to 2 Bedroom Apartments Available Now
Trails at Lakeside
3836 Arbor Green LnIndianapolis, IN 46220
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$999 - $1,6501 to 3 Bedroom Apartments Available Now
A62 Apartments
6111 Allisonville RdIndianapolis, IN 46220
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$999 - $1,5811 to 3 Bedroom Apartments Available Now
Chateau in the Woods
4020 Monaco DrIndianapolis, IN 46220
2239 E 34th St
IndianapolisIN46218
3709-3711 Kinnear Ave
IndianapolisIN46218
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Studio to 4 Bedroom Apartments
Sherman Forest
3615 Sherman Forest DrIndianapolis, IN 46205
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1 to 3 Bedroom Apartments
East Village at Avondale Meadows Apartments
3810 Cooper Square CtIndianapolis, IN 46205
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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1 Bedroom Apartments
3825 N Whittier Pl
3825 N Whittier PlIndianapolis, IN 46226
2215 E 56th St
IndianapolisIN46220
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1 to 2 Bedroom Apartments
Overlook at the Fairgrounds
1720 E 38th StIndianapolis, IN 46218
3725 N Sherman Dr
IndianapolisIN46218
6005 Dickson Rd
IndianapolisIN46226
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1 to 3 Bedroom Apartments
Trenton House Apartments
5936 Radnor RdIndianapolis, IN 46226
2007 E 38th St
IndianapolisIN46218
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
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1 Bedroom Apartments
Point on Fall Creek I
2717 Anna LnIndianapolis, IN 46205
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Studio to 4 Bedroom Apartments
Chateau De Ville
5303 Rue De VilleIndianapolis, IN 46220
2221 E 38th St
IndianapolisIN46218
5905 Devington Rd
IndianapolisIN46226
3121 Eastern Ave
IndianapolisIN46218
3502 Brouse Ave
IndianapolisIN46218
1829 E 49th St
IndianapolisIN46205
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
3513 Caroline Ave
IndianapolisIN46218
4256 Crittenden Ave
IndianapolisIN46205
5207 E 34th St
IndianapolisIN46218
Showing Results 1-31, Page 1 of 1
Devon, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Devon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Devon Studio Apartments | $937 | $649 | $1,354 |
| Devon 1 Bedroom Apartments | $1,254 | $748 | $3,221 |
| Devon 2 Bedroom Apartments | $1,464 | $969 | $4,919 |
| Devon 3 Bedroom Apartments | $2,349 | $850 | $8,003 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Devon Neighborhood of Indianapolis, IN.
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Devon, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available Devon Apartments for Rent
The cheapest available apartment rental in the Devon area of Indianapolis, IN is a 2 Beds unit found at East Village at Avondale Meadows Apartments priced from $569. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Devon apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| East Village at Avondale Meadows Apartments | B3 | 2BR,2BA | $569 |
| Glenstone Studios | Studio | Studio,1BA | $649 |
| The Prairies Apartment Homes | 1x1 Classic | 1BR,1BA | $909 |
| Chateau De Ville | Bordeaux | Studio,1BA | $923 |
| 7 Pointe Apartments | Crimson | 1BR,1BA | $969 |
| Trails at Lakeside | Victoria | 1BR,1BA | $970 |
| Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $999 |
| Brockton | VL1 .1 | 1BR,1BA | $1,034 |
| Monon Park, Managed by Buckingham Monon Living | 1 Bed 1 Bath | 1BR,1BA | $1,071 |
| Fallwood | 1 Bed/1.5 Ba Dn | 1BR,1BA | $1,090 |
Best Value Apartments for Rent in Devon, IN
As of March 20, 2026 the best value apartment in the Devon area is the $1.06 price per square foot 2 bed / 2 bath Model at Ashton Park in the in the United Northeast neighborhood starting from $1,199. The second greatest value Devon apartment is the B2 Model at East Village at Avondale Meadows Apartments starting at $1,225 with a $1.12 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Devon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ashton Park | 2 bed / 2 bath | 2BR,2BA | $1.06 |
| East Village at Avondale Meadows Apartments | B2 | 2BR,2BA | $1.12 |
| 7 Pointe Apartments | Garnet | 2BR,2BA | $1.01 |
| Fountain Parc | The Dubai | 2BR,1.5BA | $1.24 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Willow Brook | Two Bedroom One Bath | 2BR,1BA | $1.31 |
| Fallwood | 1 Bed/1.5 Ba Dn | 1BR,1.5BA | $1.43 |
| Chateau in the Woods | 1 Bd/1 Ba Sm WD RHN | 1BR,1BA | $1.52 |
| A62 Apartments | LePetit | 1BR,1BA | $1.54 |
| The Prairies Apartment Homes | 1x1 Classic | 1BR,1BA | $1.41 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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If you’re an expert on all things Devon, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDevon, Indianapolis, IN
Ranked #195
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Devon Apartments
What is a cheap apartment in Devon?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Devon is under $1,090.
What is the price of a cheap apartment in Devon?
The cheapest apartment in Devon is The Prairies Apartment Homes which is listed at $909, while the average apartment in Devon costs $1,592.
What types of apartments are the cheapest in Devon?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Devon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Devon?
Cheap apartments in Devon have an average cost of $432 which is $1,160 cheaper than the average rent for all rentals in Devon.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.